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Search ResultsShowing 31 - 40 of 100+ results for "Kenneth Hayne"
Financial advice exit a boon for the industry: Poll
KARREN VERGARA  |  MONDAY, 8 APR 2019
... Financial Group as a standalone division. In handing down the banking Royal Commission final report, Commissioner Kenneth Hayne stopped short of dismantling vertical integration . Hayne said the forced separation of financial advice and companies that ...
APRA receives new super powers
KARREN VERGARA  |  FRIDAY, 5 APR 2019
The prudential regulator's powers have been bolstered thanks to new laws that will enable it to take tougher action on trustees and underperforming funds. The Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation ...
Budget: RC response to cost over $600m
HARRISON WORLEY  |  TUESDAY, 2 APR 2019
... new independent authority set to oversee their conduct over the next three years, as recommended by Commissioner Kenneth Hayne. The Budget also reveals APRA's capability review - which Hayne insisted the Government carry out "as soon as reasonably practicable" ...
Treasury proposes standardised default insurance definitions
KARREN VERGARA  |  FRIDAY, 29 MAR 2019
Commissioner Kenneth Hayne's push to have standardised terms and definitions for group insurance is open for consultation until April 26. Treasurer Josh Frydenberg is taking recommendation 4.13 from the Royal Commission's final report further by determining ...
ASIC dismisses Royal Commission insider trading reports
ELIZABETH MCARTHUR  |  THURSDAY, 28 MAR 2019
... after the Labor party suggested insider trading was responsible for bank stocks rising immediately on the back of Kenneth Hayne's report. Senator Peter Whish-Wilson asked if ASIC was investigating "whether there was any irregular trading on 4 February ...
Frydenberg takes action on banning grandfathered commissions
HARRISON WORLEY  |  THURSDAY, 28 MAR 2019
Consultation is now open for the Federal Government's response to Commissioner Kenneth Hayne's recommendation that grandfathered conflicted remuneration should be eliminated. The new regulation proposes financial product manufacturers to pass on to ...
ClearView defends risk advice commissions
KARREN VERGARA  |  TUESDAY, 26 MAR 2019
ClearView is countering Commissioner Kenneth Hayne's recommendation to reduce or eliminate commissions financial advisers earn from life insurance products. It is "way too early," ClearView wrote in an email to advisers, to consider tinkering with ...
Indigenous super access needs improvement
KARREN VERGARA  |  TUESDAY, 19 MAR 2019
... and if the work on improving identification procedures is filtering down to frontline staff. Citing Commissioner Kenneth Hayne, Scheerlinck said ATSI people encounter needless difficulties in identification and binding death nominations, and there is ...
Zero tolerance approach to poor culture needed
KARREN VERGARA  |  MONDAY, 18 MAR 2019
The newly appointed lead of APRA's capability review is taking a no-nonsense approach to fixing poor behaviour and getting culture right. Monash Business School professor Graeme Samuel, who appeared at the 2019 Conference of Major Super Funds (CMSF) ...
NFP super funds rise to occasion post-Royal Commission
KARREN VERGARA  |  THURSDAY, 14 MAR 2019
... expectations, were not referred to the regulator for further investigation. Scheerlinck said this move by Commissioner Kenneth Hayne shouldn't be dismissed as it ultimately shone a light on areas for improvement. "All of us need to be aware the practices ...
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